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Project Management Best Practices

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Introduction of Best Practices A project is a temporary endeavour undertaken to create a unique product or service and must have a beginning and end. For any project to be successful, it is important to understand what the project is supposed to achieve and is gauged by two parameters, that the project be delivered on time, and within budget. Utilising project management best practices, tools and techniques I would recommend to the Information Technology Manager the following guidelines for implementing the Voice over IP system.

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It is important to clearly identify and document the objectives and scope of the project, as the time spent properly planning the project will result in reduced cost and duration and increased quality over the life of the project. A technique known as SMART (specific, manageable, attainable, realistic and timely) can be utilized as a guideline for goal setting. In addition, managing scope is the most important activity required to control a project. Many project failures are caused by the project team working on major and minor deliverables that were not part of the original project definition or business requirements.

Establishing who the stakeholders are will also be vital in ensuring their needs are met and their support given to the project. Most projects fail due to poor definition, which can lead to the project being over budget and not completed on time. Therefore the project deliverables should be defined and documented in a clear and unambiguous way, for use by the persons who will produce them. A deliverable is a tangible and measurable result, outcome, or product that must be produced to complete a project or part of a project.

Clarifying the deliverables before the project work begins can help ensure that the outcome of a project meets all the stakeholders’ expectations and that the goals of the project are aligned with FundAccess’ goals. Planning the project inevitably follows and the plan demonstrates what is possible, shows an overall path and clear responsibilities, contains the details for estimating the people, money, time, equipment, and materials necessary to get the job done, and will be used to measure progress during the project and act as an early warning ystem. In this regard, a Work Breakdown Structure (WBS) will be utilized, which is designed to help break down a project into manageable portions that can be effectively estimated and supervised. The WBS will: • Assist with accurate project organization • Help with assigning responsibilities • Show the control points and project milestones • Allow for more accurate estimation of cost, risk and time • Help explain the project scope to stakeholders “…the intelligent structure of work breakdowns is a precursor to effective project management. – Homer and Gunn, 1995 Constant, effective communication among everyone involved in the project is essential in order to coordinate action, recognize and solve problems and react to changes. What occurred at FundAccess was that the communication was ineffective, some staff were unaware of the implementation, never received the emails due to problems with their systems and the manual although sent, was not clear. It would have been prudent to hold a meeting with staff advising them of the aforementioned and obtain essential support and cooperation.

Also, a demonstration detailing the functionality of the new system could have been held with staff. Failing to communicate to staff and customers of FundAccess could result in objections or resistance. Tracking is fundamental, once the project is planned, it must be tracked to ensure that it is following the plan—that it is meeting its schedule, cost, and quality targets. In other words give insight into the project’s progress and status. Otherwise, you have no way of knowing whether your plans are being carried out or of monitoring risks to your project.

Effective tracking enables you to detect cost, quality, and schedule problems early, while there is still time to do something about them. If a project is not tracked, it cannot be controlled. During the life of a project changes to the project scope, schedule, and resources may occur. The sources of these changes may be internal or external initiated by the customers. External changes can also result from other stakeholders, availability of resources, changes in technologies, etc.

Whether the effects of changes are positive or negative, managing change is an important factor for success. Managing change will require planning, discipline, and communication among the project team, customers and stakeholders. As the change management plan is executed, the following should occur: improved relationship with customers, improved financial performance, reduced project delays, better project teamwork, and improved management of project quality. Finally, when planning a project you hope for the best, but there is always a chance of something unexpected preventing this.

Project risk management is about having the confidence of knowing what to do if the worse occurs, and what this will cost. The benefits of managing risk include: • activities efficiently and effectively managed because advisers and stakeholders understand the vulnerability to risk and take adequate preventative or mitigation measures. • fewer costly surprises in implementation. • more likelihood of activities attaining their objectives because constraints are minimised and opportunities maximised. more likelihood of outcomes being sustainable and • greater openness and transparency in activity decision making and management processes. Today, effectively managing risk is an essential element of successful project management. Proper risk management can assist the project manager to mitigate against both known and unanticipated risks on projects of all kinds. Failure to perform effective risk management can cause projects to exceed budget, fall behind schedule, miss critical performance targets, or exhibit any combination of these troubles.

Cite this Project Management Best Practices

Project Management Best Practices. (2018, Jun 12). Retrieved from https://graduateway.com/project-management-best-practices-essay/

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